Royal Orchid Hotels Limited — Others, 16-04-2025: Resignation

Mr. Philip Logan has resigned from his position as Chief Operating Officer of Royal Orchid Hotels, effective immediately. He cited personal reasons for his decision and expressed gratitude for the support received during his tenure. Logan played a crucial role in expanding the company's operations from 78 to over 115 hotels and contributing to the ongoing ROHL 2.0 initiative. His departure may create a transitional phase for the company, but it also opens up opportunities for new leadership to continue executing strategic growth plans. Investors may adopt a neutral outlook as the management navigates this change.